ADEA vs AEIS: Correlation
Adeia Inc. (ADEA) and Advanced Energy Industries, Inc. (AEIS) show a moderate relationship: their 3-year correlation of weekly returns is 0.48.
Data as of 2026-08-27 · refreshed every trading day · weekly returns · methodology
How correlated are ADEA and AEIS?
On 3 years of weekly data the ADEA/AEIS correlation comes out at 0.48, moderate. The relationship has been stable: the 1-year correlation (0.40) sits close to the 3-year figure. The 5-year figure is 0.39, and annualized covariance runs at 1021.7 %².
In ADEA's tracked universe of 12 assets, AEIS sits right near the top at #2. The last year tells two different stories: AEIS led by 16.8 percentage points, +70.2% for ADEA against +87.0% for AEIS.
How is this computed?
Pearson correlation on weekly returns: ρ(A,B) = cov(rA, rB) / (σA · σB), over windows of 52, 156 and 260 weeks. Covariance is annualized (×52) and expressed in %². Full definitions on the methodology page.
ADEA vs AEIS: side by side
| ADEA (Adeia Inc.) | AEIS (Advanced Energy Industries, Inc.) | |
|---|---|---|
| 1-year return | +70.2% | +87.0% |
| 5-year return | +208.1% | +222.9% |
| Volatility (ann.) | 48.4% | 43.9% |
| Beta vs S&P 500 | 1.10 | 1.69 |
| Max drawdown (3Y) | -34.8% | -39.9% |
| Market cap | $2.9B | $11.5B |
| P/E (trailing) | 24.1 | 52.4 |
| Dividend yield | 0.77% | 0.14% |
| Sector / category | US Listed | US Listed |
Year-by-year returns
| Year | ADEA | AEIS |
|---|---|---|
| 2022 | +18.5% | -5.4% |
| 2023 | +33.5% | +27.5% |
| 2024 | +14.8% | +6.6% |
| 2025 | +25.2% | +81.6% |
| 2026 | +52.9% | +37.3% |
Calendar-year price returns; the current year is year-to-date as of the data date above.
Are ADEA and AEIS good diversifiers for each other?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
FAQ
What is the correlation between ADEA and AEIS?
Using weekly returns as of 2026-08-27: 0.48 over 3 years, with 0.40 over the last year and 0.39 over 5 years.
Is AEIS a good diversifier for ADEA?
A fair diversifier. At 0.48, enough of each asset's movement is its own that the pair has smoothed outcomes historically.
What does a correlation of 0.48 mean?
Correlation ranges from −1 to +1. Values near +1 mean two assets move together, near 0 that they move independently, and negative values that they tend to move in opposite directions. It measures co-movement, not performance.
Use this data
$ curl https://www.pairbook.io/api/v1/pairs/adea-vs-aeis.json
Markdown for the live badge, attribution link included:
[](https://www.pairbook.io/pair/adea-vs-aeis/)
The core API is free. Terms and every endpoint in the API documentation.
Related comparisons
Hubs: ADEA correlations · AEIS correlations
